A key focus for many UK listed companies at this time of year is finalising their annual report and preparing for their annual general meeting. This snapshot considers developments and issues arising in practice over the last 12 months which impact on the 2022 annual report and the AGM in 2023.

The most significant development for companies to consider is the revised Statement of Principles published in November 2022 by the Pre-Emption Group, which permit companies to disapply pre-emption rights over a higher proportion of shares. There are no major new requirements which need to be incorporated into the 2022 annual report, though there are some developments on climate and structured electronic reporting to be addressed.